Brazil's LLX obtains permit to build Sudeste Port
LLX Logistica , the Brazilian logistics company controlled by billionaire Eike Batista, said on Monday it received regulatory approval for the construction of the Sudeste Port, a port terminal that could handle 50 million tonnes of iron ore annually in its initial phase.
The Rio de Janeiro-based company said the license, issued by Rio de Janeiro State's Environmental Institute, is a key requirement for the construction, which is scheduled to begin in the second half of 2009. The port is expected to start operations in 2011.
The Rio de Janeiro-based company said the license, issued by Rio de Janeiro State's Environmental Institute, is a key requirement for the construction, which is scheduled to begin in the second half of 2009. The port is expected to start operations in 2011.